In their recently unsealed California lawsuit, the two executives – Joshua Porter and Gulsen Kama – allege that Northern Data lied to investors about the strength of its finances, hiding the fact that it is “borderline insolvent,” and, additionally, is “knowingly committing tax evasion to the tune of potentially tens of millions of dollars.” Source
In a tumultuous day for cryptocurrencies, the price of XRP plummeted to a low of $0.38249 on Bitstamp, reflecting a broader downtrend affecting the altcoin market. With a notable 12.4% decrease in the last 24 hours, XRP is facing crucial support. Despite this substantial decline, Dark Defender (@DefendDark), a noted crypto analyst on X, continues to uphold a bullish outlook on XRP’s future prospects. XRP Price Needs To Hold $0.39 In his analysis of the 1-month XRP/USD chart, Dark Defender notes specific key levels and indicators. He points out that…
A German parliament member, Joana Cotar, has criticized the government’s decision to sell seized bitcoin on a large scale, advocating for the cryptocurrency’s use as a strategic reserve. She invited key political figures, including Chancellor Olaf Scholz, to a lecture on bitcoin’s advantages for nation-states, aiming to shift policy toward embracing cryptocurrency as a reserve […] Original
July 5: Valora, a P2P payments app, introduced Mobile Stack, described as “an open protocol that simplifies the creation of Web3-native mobile apps on iOS and Android.” According to the team, “it unlocks a critical pathway for bringing the next billion users on-chain by providing Web3 brands and startups with the tools they need to bring their apps to consumers’ fingertips. Troopo (from Stake Capital/Curve) and The ChatGPT DataDAO (from Vana) will be the first of Mobile Stack’s ecosystem partners to bring their Web3 dApps to mobile, showcasing how web3…
Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected to launch later this month. On July 2, 2024, ycharts.com […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Private equity firms are now looking at bitcoin miners in a much more different way after Core Scientific signed 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk. Original
Markus Thielen, founder of 10x Research trimmed his $55,000 price target to $50,000. “This situation may compel ETF holders and miners to liquidate more positions,” he said in an emailed note, adding that August and September are historically “challenging months” for bitcoin. However, he added, “if the Federal Reserve cuts interest rates in September, bitcoin could see another rally attempt.” Source
With almost $180 million in SOL tokens moved to cryptocurrency exchange Coinbase, Solana, the fast-moving blockchain network, has become entangled in whale activity. Investors feel chilly from this large fund movement, which begs the question of where the price of the currency will go in the future. Related Reading Whales Making Waves The transfers, identified by blockchain tracker Whale Alert, originated from unknown wallets and landed at Coinbase, a major exchange platform. This large-scale movement suggests potential selling by major SOL holders, often referred to as “whales.” Whales, due to…
Sustained selling pressure gripped Bitcoin as exchange deposits increased due to bearish market sentiment. According to IntoTheBlock data, crypto holders have sent over 21,000 Bitcoin (BTC) to centralized exchanges like Binance and Coinabse in the past week alone. The total amount of BTC transferred to these trading venues exceeded an estimated $1.2 billion as the token changed hands around $55,000 on Friday. BTC deposits on crypto exchanges surge | Source: IntoTheBlock Why is Bitcoin down? Bitcoin’s 21% decline in the past month indicates sustained selling pressure due to macroeconomic factors, institutional…
These candidates’ opponents aren’t uniformly critical of cryptocurrency on the level of Elizabeth Warren, the Massachusetts senator despised by the crypto industry for her rhetoric of hosting an “anti-crypto army.” Three of the four are rated as “neutral” or better by Stand With Crypto, though Ohio Senator Sherrod Brown touts an “F.” Source